Godfather Media Inc. (PINK: GFMD), an American holding company that takes minor or full interest in various subsidiary companies, has seen a sharp rise in its shares in trading today. The rally has been sparked after GFMD announced the launch of a professional minor baseball league.
GFMD shares rose to an intra-day high of $0.01 today. At last check, the stock was trading 72.41% higher at $0.0050 on above average volume of 28.46 million. The stock is now up more than 212% in the last three trading sessions.
Godfather Media said that it launched a professional minor baseball league that will operate under the name American West Baseball League (AWBL). The league will operate as a summer, professional minor baseball league as well as a fall and winter instructional league. It will sell team franchise territories throughout the western U.S. for a franchise fee and annual league fee. It will operate in California, Arizona, Nevada and New Mexico.
Michael Cummings, CEO of Godfather Media, said that he is very excited to make the announcement. Cummings said GFMD has formed the league, started interviewing the staff and will release their names and bios as soon as the company has signed agreements.
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